Australia Considers Tax on Tech Giants to Fund Journalism
Australia is exploring a proposal to impose a tax on major tech companies such as Meta, Google, and TikTok. The revenue generated from this tax would be used to financially support local newsrooms and journalism.
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Australia moves to tax Meta, Google and TikTok to fund newsrooms
Australia is proposing to tax Meta, Google and TikTok a proportion of their revenue to pay for news reporters. The government intends to introduce the draft legislation to Parliament by July.
By The Associated Press
Read full article →Australia moves to tax Meta, Google & TikTok to fund newsrooms
<img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/130593601.cms" />
Read full article →Australia mulls tax on Meta, Google and TikTok to fund newsrooms, journalism
The Australian PM argued that a monetary value should be attached to journalists' work, adding that investment in journalism is critical to a healthy democracy.
Read full article →Australia Proposes To Tax Meta, Google, TikTok To Fund Journalists
The proposed News Bargaining Incentive would charge major platforms that choose not to strike commercial deals with news publishers a 2.25% tax on their Australian revenue.
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